law - Regulating MBO's

China's legislators try again to limit damage to its state assets by new regulations for the smaller and middle-size enterprises, to prevent its current management to sell off assets for too low prices, says state-owned news agency Xinhua.

According to official statistic, China losses 40 billion yuan (4.8 billion US dollars) of state-owned assets annually. There are tens of trillions yuan of state-owned assets under the supervisionof governments at all levels in the country.

That is only an assessment, of course.